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TagsWhat is the best way to calculate your winnings on BitMEX?
Itishree MishraDec 17, 2021 · 3 years ago1 answersCan you provide some guidance on how to accurately calculate your winnings on BitMEX? I want to make sure I have a clear understanding of the process and avoid any potential mistakes.
1 answers
- Calculating your winnings on BitMEX is crucial for understanding your trading performance. To get started, subtract the entry price from the exit price to determine the profit or loss per unit. Multiply this by the quantity to calculate the total profit or loss. Keep in mind that BitMEX charges fees for trades, so don't forget to deduct those from your winnings. If you used leverage, take into account the leverage ratio to calculate the effective profit or loss. Lastly, consider any funding costs or interest charges if you held a position for an extended period. By following these steps, you can accurately calculate your winnings on BitMEX and gain valuable insights into your trading results.Dec 17, 2021 · 3 years ago
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